XRP/USDC - (BUY) XRP reached 1,2540 and keeps upside potential to 2,25
Traduction faite par Deepl pro
Market & Ticker: Ripple – XRP/USDC
Date: 18/11/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
According the recent result in US election (trump), we do expect a larger XRP adoption abroad pushing the Ripple token to next upside potential.
As long as 0.82 on a long run a larger move is expected to 1.70 before 2,25
Update : The first resistance at 1,2540 has been reached and support is adjusted at 0,82
Technical Key Elements:
- Auto similar move potential shows target at 1,70
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside
- The Moving average are support
- Fibonacci key support is adjusted at 0,82 while the Elliot wave shows upside potential towards 1,70 and 2,25
Trade Idea conclusion: Buy
Target 2: 2,25
Target 1: 1,70
Tactical support: 0,082 (Daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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